Adrovic says state's foreign borrowing possible

Croatian Banking Association (HUB) director Zdenko Adrovic said on Tuesday he hoped the country would attempt to borrow money on foreign markets by the end of the year.

Asked about an attempt to borrow money on the domestic market, Adrovic said he hoped the government could try something on the foreign markets as well by the end of the year.

"I don't know what consequences Brexit will cause, how much interest rates will go up, namely the yield on our bonds. What we see and know today is that as the result of Brexit, yield on bonds of all countries on the periphery have gone up and the countries affected are Portugal, Spain and Croatia," he said.

Commenting on the situation in the country, Adrovic said the country's liquidity was sufficent.

Last update: Tue, 28/06/2016 - 13:49


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